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were struggling under he harsh new austerity measures, the ryan plan would cut tax billers in most fortunate. last year the joint economic committee estimates that ryan's tax plan would lower taxes for millionaires by about $300,000 while raising taxes for individual taxpayers earning between $30,000 and $100,000 by over $4,000. how fair is that? at a time when income inequality is widely viewed as a very serious problem in our country, the ryan plan would make it worse. the gap between the haves and the have-nots would grow larger under the ryan plan. the ryan plan would ask tens of millions to bear additional burdens, pay additional taxes, face additional hardships. while it cut taxes for the fortunate few and preserved loopholes for big oil and spent an additional half million dollars on the military over the next 10 years. and at the end of a decade of paying -- of painful cuts, according to the nonpartisan tax policy center, the ryan budget would have managed to actually add $5.7 trillion to the deficit . a close look at the math makes it clear that the ryan budget can't recou
.ing a move that has -- considering a move with major implications all over the world. officials want to tax a percentage of every individual savings account and they would reach in the account and take the money. as you can imagine, the reaction has been fierce. senior foreign affairs correspondent greg greg palkot has the story tonight from london. >> the mediterranean island nation of cyprus is small but it rocks the global markets, including the u.s. because it's going to do the unthinkable. fund a near bankrupt government. at least the solution we went for is for sure not the one we would have liked. but under the circumstances, it was the least painful one. >> exchange for a bail-out from the european union and imf, cyprus wants a so-called tax of around 10% on account of $130,000 and over and 7% for the rest. exposure to invest in the greece and lax banking regulations are to blame. attracting foreign investors including russians. brussels and germany are seen by cypriates as the villain. >> we don't want germany here. we don't want them to help them at all. >> all of this is causing
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
now, speaking of cyprus, the idea of confiscating people's income after already been taxed sent a chill far beyond cypress. could that happen here? that is question we ask steve forbes, fox chairman and editor-in-chief. he has thoughts on that you don't want to miss coming up on the "countdown to the closing bell" -- "after the bell" [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪
a chain reaction around the world. the european nation wants to tax all bank deposits up to 10% in order to secure a $13 billion bailout for the government. this move is unprecedented, it would basically allow the government to skim the bank accounts of every single person who makes a deposit into a cyprus bank account. if that is not enoug the country has closed all banks until thursday so if the decision is made there will not be anything anybody can do if they have money in the bank. now the world is bracing and waiting. what you should do with your money and with the impact could be. so excited to have you on tonight. university of chicago professor. what a team. t me start with you because i want you to set the scene for us because some people hear this and i think of cyprus is a tiny island, who cares. this could set off a chain reaction around the world, tell me why. >> if you have your bank deposits in another country that is shaky, italy, spain, portugal, and greece, you will say in my the next in line? so what we will be looking for over the next week or at any time or attentio
for the taxes and we have our plans we were hoping to get a big surprise for the kids which is the swing set for christmas and it did not happen. as a parent as a mother it's hurtful. >> did they catch the person who did it in your case? >> not that i know of. >> how long ago? >> this started actually february of 2012. >> anderson: and what do you do about it? when you called the irs were they helpful? >> the first thing that happened -- >> anderson: that was a dumb question. i know the answer to that one. >> this is a huge problem because this is happening to the tune of $5.2 billion in lawsuits for the irs. the money they pay they have to pay you again. but it's taking forever, right what do they tell you? >> they tell you you will go through this step and that step. the first thing that happened we had to call the department which gave us to another department which was about fraud. and the line that i had to stand in was for hours and after that they tell you it will be 90 days which is more like nine months. >> right. what they tell you you will get your money right? >> yes,. >> which m
because of that deposit tax component. now, the president is currently meeting with the leaders of the political parties. of course, what he's trying to do is to strong arm and to persuade them into voting for that deal because the other alternative, yes, that is bankruptcy for this country, which has only 1 million people and only makes up 0.2% of the entire eurozone. the debate and the vote on that bailout deal will be kicking off in around four hours from now at 4:00 p.m. local time. thou, a lot of uncertainty as to what the outcome of the vote will be, given that nobody has a clear majority. having said that, there is, of course, the chance that some of the lawmakers who have been wavering could have been appeased by the talk that some of the taxes for the smallest depositors could be lowered. now, "the wall street journal" has reported that those deposits between zero is and 100,000 euros could be taxed at only 3% as opposed to 6.75% previously. now, the middle bracket would be 100,000 to 500,000 euros. that could be taxed at 10% and then anything in excess of half a millio
with the plan to tax the bank accounts over there in cyprus. they are going to take a big hit. what might the russians do in response? you might not want to know. >> now, it was one of the hottest real estate markets in the united states and then one of the coldest. once again, it is hot. there is no room at the end or the condo. sue, doesn't miami sound pretty good right about now? >> it sounds so good right now. it's raining again in new york city. you mentioned at the top of the show, cyprus moving the markets up and down. new headlines from cyprus forced a selloff on wall street. we have recovered some of the those losses. we are still down 39 points, though. parliament is meeting now. bertha coombs is monitoring that from the breaking news desk. hi, bertha. >> they have been in session for about an hour now. they are expected to go at least another hour. here are the headlines as we've had them this morning. they are debating this bailout proposal and to a man so far, they are all saying no. the governing party, apparently, has prepared a one-day postpone meant on the vote because at
. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in this country. i just saw the statistics, something like 70%. and here in california, i'm just going to say, liberals, you could actually lose me. it's outrageous what we're paying. over -- i'm willing to pay my share, but yeah, it's ridiculous. >> and not only that -- >> wow. >> people like bill maher pay 55% in california, people in new york pay over 50%. in new jersey, why is a republican sitting at 70% plus appro
the budget over the next ten years. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president's budget never comes to b
and the latest deposit tax scheme. happy anniversary, apple dividend and it was a year ago when the tech giant announced its dividend in 17 years. will apple succumb to the bigger payout as it faces stiffer competition from samsung. lululemon doing the downward facing dog with the transparency with the iconic black yoga pants prompting the retailer to cut sales guidance and boeing clinches an order from ryanair. of course, we begin with the markets. the dow and the s&p 500 hoping to avoid their first three-day losing streak of the year. wall street will be paying close attention in about three hours from now. that country's parliament scheduled to vote on a proposed tax on bank deposits and the controversial measure appears set to go down in defeat. here in the u.s., policymakers begin a two-day meeting in which they're expected to hold current policy. this is one of the meetings where we will get a press conference and people will be hanging on every word and every use of every adjective coming out of the fed chairman's mouth. are you expecting anything? >> i think that, frankly, we are looki
country to get a bailout. very controversial because it includes a tax on bank accounts. over the weekend, nervous cypriots ran to the atms to with draw large sums. lawmakers holding a hearing today in the u.s. on the us airways/american merger. a senate judiciary committee looking into the impact the deal might have on competition. the ceos of both airlines will appear. many analysts don't expect ticket prizes to rise, because there isn't much overlap between usair and american. still airline mergers are often heated and messy. complaints about lost bags, screwed up reservations, delayed flights typically soar after two airlines combine their reservation systems. we'll continue to watch the big airline merger. >> always has the potential to be a hot mess. >> yeah. >> take a look live at the vatican. the pope now greeting the leaders from around the world. we'll tell you what he says in his next -- before his inaugural mass this morning. take you back live to rome coming up next. and then today marks ten years since the invasion of iraq. coming up john's powerful conversation with america
closing tax loopholes on higher earners. surprising no one, the senate's balanced approach was rejected wholesale by republicans. in their response to president obama's weekly address, tea partiyer mike lee tried to explain the gop's resistance. >> to republicans, the budget isn't just about dollars, it's about sense, common sense. >> in this case, common sense equals amendment-a-rama, as the senate debated the budget, republicans in the upper chamber went after their least favorite thing in the whole world, obama care. politico noted of the 100 amendments considered, more than 20 were related to health care, medicare or the health reform law. five amendments related to a k woman's right to choose. marco rubio's proposal to make it a crime to transport a woman across state lines for an abortion and rand paul suggested that the u.s. should save some money simply by withdrawing from the united nations. but approving the keystone pipe line? that nonbinding amendment passed. with the support of 62 senators, including 17 democrats. >>> with president obama set to release his own budget whe
earned money when the other side is offering even more spending increases and tax increases. more borrowing. we are worlds apart. >> democratic proposals do not balance the budget. the fbi is investigating how on earth a man was able to pose as a pilot and gain access airways flight in philadelphia. police say the man had on an air france uniform and also an i.d. then he ended up in the jump seat right behind the airlines captain. he was caught when he failed to show his real credentials. the airline says that no passengers were ever in danger. >> that was a bizarre story. >> um-huh. >> the lie breafer congress has added 25 new songs, including this 1960's hit. ♪ come on, baby, ♪ let's do the twist. ♪ come on, baby ♪ let's do the twist. >> they said it became the excitement and energy. dick clark chubby checkers to record a new version of the song. it is more than two dozen sounds of the 20th century being added to the national recording registry. they are forever being recorded for cultural importance. that's your five at five. >> great stuff. president obama just arrivin
. thank god. >> irs. >> jesus loves tax collectors. that is why he accepted the hospitality of tax collectors. they called them publicans. >> if only the border patrol were as feared and effective. >> hispanic america. >> winnable. >> democrats, and gracias. >> chinese cyber attacks. >> democrats, and gracias. >> chinese cyber attacks. >> how can people be so stupid and not know why there are 6000 dead pigs floating through their river? how does that work? >> i would say more threatening than anything happening in the middle east. sorry. >> putin. >> evil, yet hilarious. [laughter] >> bush called him pooty poot. which is embarrassing. he is evil, but -- you have not seen the pictures. >> nra. >> does not represent most gun owners like me who are for president's obama's gun regulations. you have to deal with the reality. >> the only organization working to protect the constitutional right that "the new york times" hates. >> sequester. >> y2k of politics. it came and went, and no one noticed. >> it hasn't gone, and it is so incredibly dumb and it will hurt this country. a totally sel
. >> reporter: well, every year the nfl asked for its employees to be exempt from paying the taxes for the super bowl. it adds up to millions of dollars. the city of santa clara believes it can recoup that lost revenue by being the post city -- host city. imagine in 2016 this being where the super bowl is held. hosting the super bowl gave new orleans a much-needed boost and they will finalize things tonight and city leaders have said they will comply with the request for nfl workers and team members. it works out to be about 19,000 beds we're talking about it. it's a standard demand but cities can choose to shoot it down like miami did in 2010. this year, miami will comply, it just announced. with all of the money the nfl rakes in, one man we spoke to said it can afford it. >> i believe that, you know, the people that go to the super bowl that can afford those tickets, the little bit of the price they have to pay, no big deal to them. the city should be able to reason the benefits -- reap the benefits. >> reporter: super bowl tickets would be exempt from surcharges. one raising $6 million and an
the taxes for the super bowl. it adds up to millions of dollars. the city of santa clara believes it can recoup that lost revenue by being the post city -- host city. imagine in 2016 this being where the super bowl is held. hosting the super bowl gave new orleans a much-needed boost and they will finalize things tonight and city leaders have said they will comply with the request for nfl workers and team members. it works out to be about 19,000 beds we're talking about it. it's a standard demand but cities can choose to shoot it down like miami did in 2010. this year, miami will comply, it just announced. with all of the money the nfl rakes in, one man we spoke to said it can afford it. >> i believe that, you know, the people that go to the super bowl that can afford those tickets, the little bit of the price they have to pay, no big deal to them. the city should be able to reason the benefits -- reap the benefits. >> reporter: super bowl tickets would be exempt from surcharges. one raising $6 million and another that would have raised $25,000 to fund
up shortly. martha: we have brand new fox polls out this morning about budget and taxes. look at numbers. people were asked what bugs you the most when paying your taxes? the list is so long. how could you think about what bothers you most. number one, 43% the way the government spends their money, 43% is what really bugs them the most. 38% goes to one of the president's biggest talking points during the campaign. people say they don't think some folks pay their fair share. goes on from there. the tax forms and amount you pay which is always bothersome. what do you think? bill: i think i need more options than just four there. the other thing that showed up in the fox polling how significant the debt was and how people are reflecting that. we'll talk about that later. martha: teenager gets first paycheck and think they make x-amount of an hour and expect the whole paycheck to reflect that. they go, oh, so much of my paycheck is gone. welcome to the tax system. >>> cyprus is getting a new ultimatum today. the european central bank is now telling the island nation to come up wit
.5% room tax for hundreds of employees. santa clara would give up super bowl tickets surcharges and wave parking fees. it all amounts to $6 million in potential revenue lost. >> i think they are selling us out. >> debbie was against building the stadium to begin with. now she wonders why the city is giving into the nfl. >> i understand the desire to want to be famous or put on the map. i don't want to be put on the map for being stupid. >> miami isn't giving up its hotel tax, neither is san francisco which will be the center of many super bowl activities. >> is santa clara giving up too much? >> we make sure we have assurances and the form of an mlu to make sure our costs are met. >> show me the money. how are we going to pay for not waiting for donations or a letter of credit. that doesn't pay the bills. why are we paying an expense when they are making the money? >> the mayor mentioned is a memorandum of understanding and an agreement between the super bowl host committee and the city of santa clara to go out into the community and raise private money to pay for santa clara's c
clara wave a hotel tax for nfl teams and staff, eliminate and ticket surcharge and a fee were off-site parking. >> it's not fiscally responsible. >>reporter: opponents say they should not have to bear the cost. >> why is a corporation like the nfl asking a small city to bare this burden. >>reporter: the bay area agreed to reimburse the city of santa clara for police and fire coverage. >> the city wanted to make sure that the super bowl related expenses that the city incurs are taken care of and that the city ends up not holding the bag. >> opponents are skeptical that the city doesn't have the money. >> what if they don't have the flown reimburse. >>reporter: miami said they will not wave the tax. they will hear. the before they vote tonight. >>> the niners super bowl committee will deliver a plan in march. if the bay area loses out for super bowl l, it will go up against houston for super bowl li. final announcement is expected to be made may 22nd. >>> turning to the weather, we've been tracking a system, bringing rain to the bay area. let's take a look at it and see how it's sta
to tax its bank depositors. the euro falls to its lowest level since november. >>> ben bernanke and the fed get down to business. what should we expect after its two-day meeting ends tomorrow? we'll ask former federal reserve governor randy crosser in. >> and what does the ceo of one of the world's iconic brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming up right now on "nbr." good evening and welcome to our public television viewers. susie, once again, little cyprus making big economic noise today. >> you're right, tyler. actually a big win for citizens in cyprus. lawmakers rejected today an unpopular and unprecedented proposal to tax bank deposits. it was part of a larger eurozone bailout plan to rescue those banks and keep the nation solvent. the crucial vote came after a wave of protests, and as cypr t cypriots scrambled to withdraw cash from their atms. bertha coombs joins us with more on today's historic vote and what's ahead for cyprus? >> what's ahead is a very big question. the world was watch
have bank accounts would be taxed one time on their deposits. so if someone has an account with $129,000 or less, they would have to fork over almost $9,000. that's a 6.7% tax. people who live there as you can imagine, they're really nervous about this tax. over the weekend, many rushed to withdraw their money out of the bank. this is what's unnerving the markets right now. about 15 minutes before the opening bell. >> al wlis siclisoison kosik li york stock exchange. >>> the heat tied a leg record for the second most con secreta consecutive wins. they will try to extend the streak in boston tonight when the celtics have their own run going, 11 straight home wins. >>> another miami basketball team is also on a roll, though. the university of miami hurricanes beat north carolina to become atlantic coast conference champs and advance to the ncaa tournament. 67 other teamses are in the big dance which tips off tomorrow. that means it's time to fill out those brackets. carlos diaz is checking a huge one here in the cnn center. wow, carlos. ♪ ♪ indiana, indiana, we're all for you, we w
escalation. number two, stocks closed lower on news of a plan plan to tax the bank account of the tiny nation of cyprus to help bail out the country infantry from financial crisis. number one, cops found a student dead with pistol and assault rifle and homemade explosives in his dorm at the university of florida in south orlando. that's "the fox report's" top five. on this day in 1963, the u.s. supreme court issued a land mark ruling that states have to provide a lawyer to a criminal defendant who can't afford one. it began with the 1961 arrest in florida of clarence earle gideon for breaking into a pool hall and stealing money from vending machines. he couldn't afford a trial attorney. that could hope happen in death penalty cases and wound up sentencing gideon five years in prison. he appealed claiming the conviction violated his constitutional rights. the supreme court upheld the claim and in a re-trial with a defense lawyer, gideon walked free thanks to historic decision 50 years ago today. and now you know the news for this monday, march the 18th, 2013. i'm shepard smith. i will see you
it on friday because my tax burden is now so high then i had to pay agent commissions. all of that. it wasn't worth for me to do it. i can't do it not worth my time anymore. three or fewer people then didn't lose their jobs entirely but they loss a big portion of their jobs because i walked away from a situation which wasn't economically tenable anymore because the federal and state government in new york, okay, taking too much money. it's not worth me doing it anymore. and this is what i'm talking about, juan. that the giant colossus of take, take, take, from me the entrepreneur, is harming the economy and that is one small example that's irrefutable, juan. >> i think it's irrefutable in your very high level situation. but i think most people would look at you, bill, and say well you do your tv show, you do your wonderful book. it certainly hasn't stopped you from being an active part. >> bill: people there is going to come a time that it's not just going to be worth it anymore, juan. then a lot of people are reaching that go ahead, mary katharine. >> that's the thing, bill. many folks wit
to waive the hotel taxes that could mean millions of dollars. >> off what could help santa clara, san francisco is the fact that miami the other city competing for 2016 has told the nfl will not waive the hotel taxes. santa clara will decide if that will happen. >> we will look at that and perhaps at that time they will say the bay area is a much better deal and miami. >> will have to wait and see. do we have any idea when they make the decision. >> the owners have to get together and vote? >> may 22nd there will make the decision. they have to give the host city several years to prepare to get the infrastructure in place. they have to build facilities if necessary to host insuperable. >> if i just left norland it is huge. you need all kinds of buildings conference rooms and all these things to host the nfl media as well as the activity for the fans. >> we shall see will. thank you for the update. 7 07 we will be back with more in a couple of minutes. a live look outside as we wait for the weather is a change. if we're looking at storm had our way. will have more on the timing in a co
tax on the large depositors which would lead to a tax of around 15% or 16%. or they can basically restructure their two bad banks. it would be very simple to do that. what would happen is the banks would write off all their equity, write-off their senior debt, write-off their dpovt subordinated debt. and then the large depositors would president owners of the new bank and convert. >> narrator: between 50% and 30% of their new depositors in the banks. >> could they say we don't want to do anything of those? >> certainly they can choose to do that. i don't think that's necessary. basically, if they do nothing, and the ecb carries through with its policy of cutting off liquidity on monday, they will have no choice but to restructure the two banks. >> are you surprised to see lines forming? >> no. depositors are frightened for their money. they've been told there's a high likelihood of the banks closing and staying closed for a period of time. in fact, the lines are not as long as i would have expected them. >> wow. interesting 30i7b9. i had a discussion with simon hobbs, my colleague
all local taxes and that would free members of the football team from paying a 9.5% hotel tax here in the bay area. one diehard fan said he does not think what the nfl is asking for is fair but he relishes having the super bowl here on home turf. >> reporter: now super bowl tickets will be here and one would have raised $29 million for senior programs. the city will also loose out and city leaders here say all could be made up and we did speak to them and they are expecting to find out why they asked for all of these requests. tara moriarty ktvu channel 2 morning news. >>> new details, a preschool in livermore was shut down following a series of allegations and it will not reopen any time soon. social services shut down the school on friday when they found two babies were swaddled too tightly. they also found one baby sleeping in a car seat and the other sleeping in a high chair. two employees are now banned from working at any state licensed childcare facility. >>> some counties may be sued for sending low-level offenders to county jails instead
of bankruptcy. investors worldwide are worried if passed, the 10% tax could set a precedent for future eurozone bailouts. >>> a new report points to china's rapidly growing budget to develop modern warfare equipment. for the first time a new tally finds china has become the world's fifth largest arms exporter, knocking britain out of the top five. the u.s. is number one followed by russia, germany and france. >>> elsewhere, at&t starts selling the all new make-or-break blackberry smartphone. yoga athletic line, lulu lemon weighs in on thursday. tiffany & company weighs in friday, the luxury jewelry has sparkled recently despite missing earnings estimates three quarters in a row. >>> another fire on deck, darden restaurants. that company missed last quarter's estimates. investors are still hungry for the red lobster and olive garden parent. >>> a rise in sharing as coworkers watch college basketball's march madness games. more on who's headed to the big dance coming up in sports. >>> just ahead, texas has one less bridge to worry about. and a $24,000 hoax with the girl scouts as the main target.
financed baseball park. higher salaries and benefits based on anticipated increasing property tax revenue. then the recession hit. stockton soon was $1 billion in debt. monday, stockton may become the most populace city in the country to enter chapter 9. >>> besides gay marriage the supreme court will also hear arguments tomorrow on a case involving billions of couldn't summer dollars. at issue is brand name drug companies keeping lower priced versions off the shelves. federal officials will argue the deals cost $3 billion a year by delaying launch of cheaper generics. >>> just ahead, an alert for a bart passengers. some can expect delays for up to 14 months. >>> here's an unusual sight. a california home owner hopes his insurance will cover this. the woman inside the car explains how in the world that happened. >> looking outside, we enjoyed a sunny sunday but cloud are rolling in, and the forecastes coming up. >> mike: march madness for the men and women and the golf course, sergio garcia, not the lie he was looking for. does he have a club >> ama: in southern california, an out of cont
will have to close, but there won't be a universal tax on bank accounts to fund the bailout. >>> gas prices are still falling, but not very quickly. the average price this morning is $3.67, two cents less than a week ago. it's significantly better than a year ago. you thank stable crude oil prices and that all refineries are back in service after the annual switchover to summer blends. >>> also good news for plugged-in travelers. the next time you're going somewhere, you don't have to rush to finish up before you board the plane. the faa is on course to lighten up the rules that ban the use of most electronic devices during takeoffs and landings. "the new york times" reports it should happen by tend of the year. >>> "the croods" cruised to a win this weekend. the caveman comedy had a good opening weekend. and its studio hopes it will do even better as school children get their spring breaks. "the croods" took in $44.8 million. "olympus has fallen" was second with $31 million, better than expected. and "oz the great and powerful" was third. >>> you may be surprised what the happiest jobs in
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. squa championship game rapped up. winning the acc for the first time this school history, but still wasn't enough to earn them a one seed in the big dance. miami is a two seed in the east region. louisville number one overall. the other one seeds are kansas, indiana and gonzaga. last year's number one overall seed, kentucky, they failed to make the tournament this year. st. louis wrapped up the atlantic 10 title yesterday taking care of bcu. after the game they tried to get right to the airport so they could watch the selection show, but they got stuck in traffic in new jersey, so the entire team stopped off at a local best buy and set up their own watch party. shoppers joined them as they learned they would be the four
to town voting unanimously to waive a list of fees from hotel tax for nfl staff rooms to ticket sir charges, parking fees, all nfl requirements if santa clara wants to be considered as a super bowl host. the new stadium is finished in next year and if the super bowl comes in 2016 the stadium will be two years old at the time of the the hilton santa clara is optimistically planning a $140-room addition in time, ready in time, for the super bowl in 2016. the city will make their pitch to the nfl in may. >> we have some fees waived so we are more attractive. it is the first time we are doing this. we want to be competitive. >> miami is also a contender and will be competing against santa clara but miami has already posted ten super bowls. perhaps it is someone else's turn and sources tell abc7 news that miami probably cannot afford to waive those fees. the city of santa clara will take their pitch package to the nfl on may 21st. >> thank you. new this morning, president obama is now in israel going the first visit to the country and a new effort for peace between israelis and palestini
slash $4.6 trillion over ten years without raising taxes. now senator patty murray will work with congressman paul ryan to try and bridge the gap between the two radically different proposals. mark, i think it would have been a public service to the american public to actually point out some of the amendments that they raised in this marathon session they had over in the senate over the weekend. >> from the sublime to the ridiculous. >> oh, my god. >> but they have a senate budget now and a house budget and i think most people think we are going to plod through this year and not have a big deal unless the president somehow comes back and reengages but a pretty big difference starting with the senate bill has lots of new revenue in it. >> give me an idea. give me an idea of the previews of coming traattractions. >> you have patty murray with her budget and paul ryan with his budget on the other side of the table. >> let's say i think they are far apart which i'm dubious as to where these negotiations will go and it comes back to what we were talking about earlier. where is the
the house republican, paul ryan, budget plan. >> hand out more budget-busting tax breaks for the wealthy, and to pay for these wasteful tax breaks, ld -- it would end medicare guarantee, it would raise tax on middle class families. to appease the tea party, the ryan republican budget would risk recovery, and that's just a price too high. >> reporter: needless to say, republicans disagree. they believe that their budget which ultimately, they say, would balance, would provide more opportunity and more jobs for the american people, jon. jon: obviously, both sides trying to get their points out. what are the republicans saying about these budgetary matters? >> reporter: they're going after the budget that was proposed by senate budget chair patty murray. they say it increases spending, increases the debt, never balances and raises taxes. senate republican leader mitch mcconnell a few moments ago called it extreme. >> a party that once cared about hard working american families seems of to have gone off the leftmost edge of the reservation with this budget. d.c. democrats' priorities are jus
after its parliament rejected an international bailout package that would have taxed savers and depositors. michelle caruso-cabrera is on the ground right now. she joins us live with the very latest from cyprus. over to you, michelle. >> reporter: hey, there, maria. the very latest that the cyprus plan tried in part trying to raid a pension fund. cash in the pension fund used now and promising to pay the workers later. but their european partners said, no, that's not going to work, because all you're going to do is defer liabilities. it doesn't help your debt profile. so we don't like that. now they're working on plan "c." the question is, what is that? here's the very latest, the bank holiday, as a result of all of this indecision and inaction has been extended and now it looks like the banks will not open until tuesday of next week, a full week without the banking system operating. the minister of finance is in russia, trying to square away a deal there. we haven't had any good results from there. and then very, very worrisome, a member of the ecb talking even tougher late
, a trillion dollars in tax increases over the next ten years. even so, new benefits such as free preventive care come at a cost to someone such as physicians and hospitals. listen. >> having the costs covered for the patient of mammograms and colonoscopies is all well and good, but when the reimbursement to physicians and to facilities is below cost, facilities and doctors won't provide those services. >> reporter: now, in the meantime, new regulations for the health care law are pouring out. listen. >> there have been 17,000 pages of regulations issued so far. i don't think anybody knows exactly what's in all of them. >> most of what's going to happen was not actually written in the legislation, it is up to the discretion of the obama administration. >> reporter: now, all that's creating uncertainty which the federal reserve found is discouraging companies from hiring. others are cutting employees' hours to avoid government mandates. >> obamacare as a health care issue may, in fact, become secondary to obamacare as a jobs issue. >> reporter: obamacare was almost universal coverage and lowe
. the senate to pass a budget. they have forced spending cuts. they are not moving on tax increases and the president has become forced to try to deal with republicans now soe they can come to some consensus how to move forward. that is why you see republicans moving up. they are showing leadership while the president was showing a permanent campaign basis. >> heather: i want to talk about the likeability factor of president obama. he is on this charm offensive. do you think that perhaps he is seeing the numbers that have been recently released the pew research center talking about his overall likeability. 47% of americans say they approve of president obama that is down four points from last month and 8 points since last december. i know you said, julie, that is not abnormal, that does happen during a second term. they go up and all of a sudden they go down but president obama's numbers have dropped more steeply than his predecessor. what do you make of that? >> look, people are fed up with what is going on in washington. when they voted, they said, look we'll resolve a lot of thin
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the country out of bankruptcy. investors are worried if passed the 10% tax could set a precedent for future blameouts. >>> a new report from sweden points to china's rapidly growing budget to develop modern warfare equipment. a new tally finds tally has become the world's fifth largest arms exporter. the u.s. is number one followed by russia, germany, and france. >>> elsewhere, at&t starts selling the all-new make or break blackberry z-10 smartphone. >>> these stocks to keep an eye on. tiffany and company weighs in friday. the luxury jewelry company has sparkled recently despite missing earnings estimates three quarters in a row. another fire on deck. darden restaurants. the company missed last quarter's estimates but investors are still hungry for the red lobster and olive garden parent. >>> look for a big drop in productivity from the office along with cheering from co-workers watching college basketball's march madness games at their desk this week. we'll have more details on who's headed to the big dance coming up in sports. >>> just ahead, texas has one less bridge to worry about. and
with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. when your business is optimized like that, there's no stopping you. we are tyco integrated security. and we are sharper. >>> 15 past the hour. time to check our top stories. italian supreme court will decide if amanda knox should stand trial again for the hur of her roommate. the american student whose stories captured worldwide headlines spent four years in an
citizen pay a tax on their bank deposits whether they wanted to or not. they would take that from the savings accounts. this is the first time we've seen a eurozone bailout structured in such a way. if it passes. if it doesn't, cypress says it will grow bankrupt. right now minimal effects on our markets here at home. but the dow is trading lower. here is background on cypress. it is at the eastern end. mediterranean sea, 30 miles south of turkey. you see it on the map. it is a very small country, smaller than the state of hawaii. its population of a little more than a million people is roughly the city of dallas. its gross domestic product of $23.6 billion is about the same as the state of vermont. there will be a quiz on all of this later. charles payne, fox business network around ceo of w street.com. charles, a little country. why such a big deal? >> it is such a big deal for several reasons. first of all we know greece is small country, not as small as cypress but these things have a ripple effect. also the draconian nature of this. everyone watching this thinks their saving a
is entitled to $30 million in tax money from the city of santa clara. officials prom mitts missed the money as part of the new stadium deal. there you see it under construction. but the money became a free for all when governor brown banned redevelopment agencies. santa clara schools wanted it and so did the governor to balance the state budget. the judge ruled the deal was done before redevelopment agencies disappeared giving the $30 million to the 49ers. >>> and when the niners and the raiders and every other pro team take the field the game will be played differently. the nfl today made a major change. abc 7 news reporter wayne freedman tonight explains this new rule. >> reporter: this is the stuff we love about nfl football. first the buildup and then the hitting. it is as american as apple pie. but for those on the wrong place at the wrong time also a flirtation with concussions and paralysis. today the nfl made it more difficult to lay out a.b. opponent on either side of the ball but making it illegal for offensive players to lead with the crowns or tops of their helmets beyond the li
reports new york is offering tax incentives to lure the show back to the big apple. as far as who would replace fallon after he moves on up in the lineup the new york post said nbc could dip into the "snl" pool once again, the great seth meyers is rumored to be the top man for the job. cnn reached out to nbc but the network is not commenting. >>> it was 50 years ago today when pop culture changed forever. today is the 50th anniversary of the release of the beatles' first album. please please me. the lp hit shelves in britain on march 22nd in 1963. sales started out slow. but it would hit number one in may. the british invaded and the beatles never looked back and neither did society. >>> game of thrones fans you still have a full week plus to wait for the premiere of season three but we can help you get your fix before then. don't miss my interview next week with game of thrones cocreator david benioff and i'll try to pry a few secrets out of him about the upcoming season. we asked you earlier to come up with a new cheer for harvard's basketball team. go crimson! at least we've got most
by senate democrats raises taxes by $1.5 trillion without saving entitlements. >>> also new this morning, around 4:00 the senate passed its first budget in four years. approving a $3.7 billion spending plan for next year. the 50 to 49 vote ended a grueling all-night debate. no republican voted for the package. it sets up contentious negotiation was the republican-dominated house in april to reconcile two vastly different plans for dealing with the deficit. the senate version calls for spending $100 billion on infrastructure to help create jobs. the house version calls for deep cuts in domestic spending to balance the budget by 2023. >>> the california department of education is expanding its list of recommended reading for kindergarten through twelve grade and it includes newly published works dealing with sexual identity issues. here's abc7 news capital correspondent nannette miranda in sacramento with the story. >>> as summer nears, educators want to keep kids reading. the california department of education just updated its list of more than 7,800 recommended books. meant to prepare st
doing something he hasn't done in almost 30 months. >>> plus, the irs spends your tax money on a star trek themed training video. and bill gates and condoms. the power block is next. oh, hi thehey!ill. are you in town for another meeting? yup, i brought my a-team. business trips add up to family time. this is my family. this is joe. hi joe! hi there! earn a ton of extra points with the double your hhonors promotion and feel the hamptonality. even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. call me! seriously, this is really happening! [ cellphone rings ] hello? it's a giant helicopter ma'am. [ male announcer ] get it done [ chirp ] with the ultra-rugged kyocera torque, only from sprint direct connect. buy one get four free for your business. >>> bottom of the hour, i'm brooke baldwin. technology, sports, business, health, science and showbiz news the we're hitting it all for you right now in the power block beginning with this. cbs forced to say sorry for this scene in the amazing race. watch. >> here? oh, there.
rescuing cyprus from bankruptcy and collapse of its banking system. the controversial plans tax bank deposits will be scrapped. the deal would shut down the second largest bank. >>> secretary of state john kerry delivering a warning to iraqi leaders during a surprise weekend stop in baghdad. the u.s. wants iraq to stop letting iran use airspace for flights to syria. officials believe the flights are carrying weapons to the syrian government. iran says flights are bringing humanitarian supplies to syria. >>> new developments in the murder of colorado's top corrections officer. abc news learned prisons in the state have been on lockdown because of fears there could be more attacks. and it all appears to be linked to a white supremacist group. >> reporter: the motive for the murder of tom clements may have been revenge for breaking up a prison gang. clements concerned about the rise of a white supremacist group, 211 crew, sent its leaders to another prison trying to diminish their power base. evan ebel just paroled in january was a member of 211 crew. law enforcement yet to confirm the
even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. [ male announcer ] it's red lobster's lobsterfest our largest selection of lobster entrees like lobster lover's dream or new grilled lobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 coupon on two lobsterfest entrees. [clucking]. everyone wants to be the cadbury bunny. cause only he brings delicious cadbury crÈme eggs, while others may keep trying. nobunny knows easter better than cadbury! you know who is coming on to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would
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